Ocado
This coverage analyses Ocado’s performance and strategy within the UK retail and grocery sector, focusing on its technology-driven fulfilment operations, partnerships, financial results, leadership changes, and innovations in online retailing. Reporting helps retail managers and executives assess how Ocado’s model and decisions influence the broader grocery and e-commerce landscape.
-
Nov- 2024 -6 NovemberNews-In-Brief
Today’s news in brief-6/11/24
Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28 September 2024. Revenue increased by 5.7% to £6.48bn, attributed to the company’s “Reshape M&S for Growth” strategy. Food sales grew 8.1%, while Clothing and Home sales rose by 4.7%. Despite…
Read More » -
6 NovemberDepartment Stores
M&S profits rise by 17% in half-year results
M&S has welcomed “further progress” in its half-year results as profit-before-tax rose by 17.2% to £407.8m for the half-year ended 28 September 2024. Alongside this, the company’s revenues rose 5.7% to £6.48bn, up from £6.13bn in the same period last year, attributing its ‘Reshape M&S for Growth’ strategy to the…
Read More » -
Oct- 2024 -31 OctoberNews-In-Brief
Today’s news in brief-31/10/24
The UK retail industry has raised concerns following Chancellor Rachel Reeves’ Autumn Budget, which aims to generate £40bn through measures like a rise in employers’ National Insurance to 15% and hikes in minimum wage rates. The British Retail Consortium (BRC) has warned that the new measures, which will add over…
Read More » -
31 OctoberOnline & Digital
Ocado Group announces new chair
Ocado Group has announced the appointment of Adam Warby as an independent non-executive chair of the board. He currently serves as chair of Heidrick and Struggles InternationalInc, a provider of global leadership advisory and on-demand talent solutions. He will join the board as an independent non-executive director with effect on…
Read More » -
23 OctoberOnline & Digital
Virgin Wines returns to profitability in FY24
Virgin Wines has reported a return to profitability in the year to 28 June 2024, as profit before tax rose by £2.4m to £1.7m, up from a previous loss of £700k. While total revenues held steady at £59m, the wine retailer’s adjusted EBITDA rose 59% to £2.8m and gross profits…
Read More » -
22 OctoberNews-In-Brief
Today’s news in brief-22/10/24
Mulberry’s board has backed Challice, the majority shareholder, in rejecting Frasers Group’s increased £111m takeover bid. Challice made it clear last week that it has no intention of selling its shares or offering any commitment to Frasers. Mulberry’s board emphasised its unanimous decision to reject the offer, focusing instead on…
Read More » -
22 OctoberSupermarkets
Ocado eyes former Microsoft exec for chairman role
Ocado Group reportedly has plans to recruit former Microsoft executive, Adam Warby, as its next chairman to replace Rick Haythornthwaite, Sky News has reported. The news comes after Haythornthwaite accepted a new position as chairman of NatWest Group. He also chairs the AA, which is owned by private equity firms…
Read More » -
16 OctoberSupermarkets
Increase in visits sees supermarket sales up 4.7% in October
Total Till sales increased 4.7% at UK supermarkets in the last four weeks ending 5 October 2024, up from +4.0% in the previous month, according to new data released today by NIQ. It said this is likely due to shoppers starting to look towards seasonal products as retailers roll out…
Read More » -
4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a £50bn float in…
Read More » -
4 OctoberSupermarkets
Virgin Wines strikes partnership with Ocado
Virgin Wines has announced that it has agreed a strategic partnership with Ocado.com, commencing from this week, which will give the online supermarket’s customers access to an exclusive selection of 50 wines from Virgin’s portfolio. Previously available only to Virgin Wines customers and sold as part of multi-bottle cases, this…
Read More »
